Goal Setting Indicator - Professional Trading System

Indicator Overview

The Goal Setting indicator is a sophisticated multi-indicator convergence system that combines:

Dual exponential moving averages (5 & 8 period)

MACD oscillator (12,26,9)

RSI momentum filter (14 period)

Clear visual signals with colored arrows

Core Trading Logic

Signal Generation:

Bullish Signals (White Up Arrows):

MACD signal line 0

RSI 50

Price above both EMAs (5 & 8)

Bearish Signals (Red Down Arrows):

MACD signal line 0

RSI 50

Price below both EMAs (5 & 8)

Additional Features:

Aqua line: Fast EMA (5)

Light Green line: Slow EMA (8)

Dodger Blue line: MACD signal line

Optimal Settings

ParameterDescriptionRecommended Values

MovingAvg1Fast EMA5 (default) or 8 for less noise

MovingAvg2Slow EMA8 (default) or 13 for swing trading

RSIPeriodRSI Length14 (default) or 9 for faster signals

MACDfastMACD Fast EMA12 (default)

MACDslowMACD Slow EMA26 (default)

MACDsignalSignal SMA9 (default)

Professional Trading Strategy

Best Timeframe Applications:

M15-M30: Scalping (use 5/8 EMAs)

H1-H4: Day trading (5/8 or 8/13 EMAs)

D1-W1: Swing trading (8/21 EMAs)

Entry Rules:

Long Positions:

White arrow appears

Price both EMAs

MACD histogram turning positive

RSI 50 and rising

Stop loss below recent swing low

Short Positions:

Red arrow appears

Price both EMAs

MACD histogram turning negative

RSI 50 and falling

Stop loss above recent swing high

Advanced Confirmation:

Wait for candle close beyond EMAs

Volume confirmation on breakouts

Price action patterns (engulfing, pin bars)

Higher timeframe trend alignment

Slogan

"Trade with Purpose - Let Goal Setting Guide Your Market Victories!"

Pro Trading Tips

Trend Filtering:

Only trade arrows in direction of 200 EMA

For stronger trends, require RSI 60/40

Risk Management:

Use 1% risk per trade

Trail stops using parabolic SAR

Take partial profits at 1:1.5 risk-reward

Session Optimization:

Best during London/New York overlap

Avoid Asian session consolidation

Indicator Strengths

✓ Multi-indicator confirmation reduces false signals

✓ Clear visual presentation

✓ Works across all liquid markets

✓ Customizable for various trading styles

Performance Enhancement

• For forex: EUR/USD, GBP/USD, USD/JPY

• For stocks: Liquid large-caps (AAPL, MSFT)

• For crypto: BTC/USD, ETH/USD

Recommended Pairings:

Volume profile for key level confirmation

Bollinger Bands® for volatility context

Fibonacci levels for profit targets

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